MSC increases December 2026 FAK rates on Far East–Mediterranean and Black Sea trades
Effective December 1, 2026, MSC will increase its Freight All Kinds (FAK) rates from the Far East to the Mediterranean, North Africa and Black Sea, with rates reaching as high as USD 8,200 per 40-foot container. Rates to Northern Europe will remain unchanged.
CMA CGM Announces New Peak Season Surcharges on Services from Asia to the Mediterranean and Mauritius
CMA CGM will introduce new Peak Season Surcharges (PSS) from November 2026, reaching up to US$1,600 per 40-foot container on services to the Mediterranean and North Africa, alongside revised charges for shipments to Mauritius.
COSCO Shipping Energy Plans 24-Vessel VLCC Fleet Expansion
COSCO Shipping Energy has unveiled a major fleet expansion program comprising 24 Very Large Crude Carriers (VLCCs), split between 10 direct newbuilding orders valued at $1.42 billion and 14 long-term bareboat charters, with deliveries scheduled across 2029–2030.
Evergreen's EVER EON Transits Suez Canal, Marking Return After Nearly Three Years of Disruption
Evergreen's 16,556-TEU container ship EVER EON transited the Suez Canal on November 8, 2026, marking the carrier's return to the key maritime route after nearly three years of disruption caused by the Red Sea crisis.
International Shipping and Logistics Market Update Week 45/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 45 (from Nov 02 - Nov 08), 2026.
MSC Extends PRS and SCS Coverage to All Mediterranean and Black Sea Ports
MSC will extend the application of its PRS and SCS surcharges to cargo moving from Asia to the remaining ports across the Mediterranean and Black Sea, effective November 15, 2026, based on the proforma sailing date, until further notice.
Hapag-Lloyd Imposes US$400/TEU PSS on Cargo from Asia and Oceania to Tema
Hapag-Lloyd will apply a USD 400/TEU PSS to all container types from Asia and Oceania to Tema for cargo loaded from 6 November 2026.
Kuehne+Nagel Port Operations Update: Vessel Waiting Times in Ningbo and Shanghai Exceed Two Days
Kuehne+Nagel's port operations update for October 27–November 3, 2026, reports vessel waiting times of more than two days in Ningbo and Shanghai following typhoon-related disruptions, while yard utilization at Vung Tau remains elevated at 90–95%.
BIMCO Releases Contract Addendum Establishing Framework for Sharing Costs and Benefits of Fuel-Saving Retrofits
A new BIMCO contract addendum adopted in October 2026 establishes a standardized contractual mechanism enabling shipowners and charterers to equitably apportion capital expenditures and commercial gains arising from energy efficiency retrofits.
Hormuz Strait Reopens: A Positive Catalyst for South Africa’s Agricultural Exports
The gradual reopening of the Hormuz Strait following encouraging diplomatic developments between Israel and Iran is expected to ease pressure on fertilizer and fuel costs while supporting the resumption of agricultural trade flows between South Africa and key Middle Eastern markets ahead of the next growing season.
Import Volumes at the Port of Los Angeles Surge Amid Rising Freight Costs and Tariff Pressures
The Port of Los Angeles recorded its second-highest monthly import container volume on record in May, as retailers accelerated shipments ahead of fuel surcharge recoveries scheduled to take effect on July 1.
ONE Restructures AD1 Service to Enhance Connectivity Between the Adriatic and Eastern Mediterranean
In an effort to improve schedule reliability and shorten transit times, Ocean Network Express (ONE) has announced a streamlined port rotation for its Adriatic 1 (AD1) service, effective from early July 2026.
Maersk Adjusts Peak Season Surcharge (PSS) on Asia – Southern Africa Trade from July 2026
Effective July 1, 2026, shipping line Maersk will officially implement a revised Peak Season Surcharge (PSS) for dry container shipments moving from Asia to Southern Africa, with rates reaching up to $2,000 per 40-foot container.
Maritime Risks in the Strait of Hormuz Remain Severe Despite Diplomatic Progress
Positive developments on the diplomatic front have raised hopes for the reopening of shipping traffic through the Strait of Hormuz. However, maritime risks in the region are still considered severe. Beyond security concerns, the shipping industry must also address a range of operational challenges that have emerged after more than 100 days of disruption.
Global Air Cargo Volumes Rebound as Freight Rates Ease
Following a slowdown caused by several major public holidays across key markets, the global air cargo sector has begun to recover. However, declining fuel prices have led to a modest easing in freight rates, while ongoing geopolitical tensions continue to create uncertainty for the market.
CMA CGM Introduces Peak Season Surcharge (PSS) on China–West Africa Trade
Effective June 15, 2026, CMA CGM will implement a Peak Season Surcharge (PSS) on dry and reefer containers shipped under short-term contracts from China to West Africa, with charges ranging from USD 350 to USD 850 per TEU.
Hormuz Ceasefire: Shipping Market Cautiously Watches Developments
A preliminary ceasefire agreement in the Strait of Hormuz is providing encouraging signals for the global shipping industry. However, industry experts believe that restoring maritime operations and regional supply chains will take time before conditions can return to normal.
Ocean Alliance’s AEU7 Service Adds Gdansk Port, Expanding Europe–Asia Connectivity
Starting August 2026, Ocean Alliance will incorporate the Port of Gdansk (Poland) into its AEU7 service schedule, enhancing direct connectivity between the Baltic region and key trade and manufacturing hubs in Asia.
International Shipping and Logistics Market Update Week 24/2026 | Phaata
The international logistics marketplace platform Phaata provides an update on the international container shipping and logistics market for routes from Asia to North America, Europe, and more for Week 24 (from Jun 8 - Jun 14), 2026.
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